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ICU Beds Global Market Report 2020-30: Covid 19 Implications and Growth

Region:Global

Product Code:7634

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Published On

April 2020

Total pages

200 Table of Content

Market Overview
Scope Of The Report
Product covered
Table Of Content
Research Methodology
FAQs

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About the Report

Major players in the Intensive Care Unit (ICU) Beds market are Invacare Corporation, Paramount Bed Holdings Co., Ltd., Medline Industries, Inc., Stiegelmeyer GmBH & Co. KG, Gendron, Inc., LINET Group SE, Joerns Healthcare LLC., Span-America Medical Systems, Inc., Malvestio S.P.A., and Merivaara Corp.

The global ICU beds market is expected to grow from USD 1.9 billion in 2019 to about USD 3.8 billion in 2020 as hospitals across the globe are increasing their ICU capacity to deal with the surge in Covid-19 patients. The market is expected to stabilize and reach USD 2.8 billion at a CAGR of 9.8% through 2023.

The market for ICU beds is experiencing exponential growth. Increasing Covid-19 cases across the globe pressurizing governments of emerging and developed countries to increase their intensive care capacities. Public health systems releasing funds to procure the needed hospital infrastructure, with ICU beds being one of the important requirements.

The Intensive Care Unit (ICU) Beds market consists of sales of special hospital beds designed for ICUs to take care of critical patients. The market consists of revenues generated by establishments that are primarily engaged in the manufacturing of electrical, semi-electrical, and mechanical ICU Beds that provide both safety and comfort to patients and also caregivers. Intensive care represents the highest level of continuing patient care and treatment. An intensive care unit (ICU) is a designated area offering facilities for the prevention, diagnosis and treatment of critical illnesses such as multiple organ failures.

The global ICU beds market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. North America was the largest region in the ICU beds market in 2019.

The Intensive Care Unit (ICU) Beds market covered in this report is segmented by type into electric beds; semi-electric beds; manual beds. It is also segmented by application into pediatric intensive care unit; neonatal intensive care unit; psychiatric intensive care unit; cardiac intensive care unit; neurological intensive care unit; trauma intensive care unit; post-operative recovery unit; surgical intensive care unit; mobile intensive care unit.

Critical care is often described as expensive care that includes high cost of resources. In United States, although ICU beds comprise less than 10% of hospital beds, ICU departments consume 22% of total hospital costs. ICU beds tend to cost threefold higher than a bed in a general ward. ICU beds cost between USD 25,000 and USD 30,000, significantly more than other medical/surgical beds, which typically cost USD 5,000 to USD 10,000 a bed. Bariatric beds are even more expensive, which are nearly about USD 35,000 to USD 40,000 each. The escalating demand for critical care services put financial strain on both health care systems, and also on patients who pay completely or partially out-of-pockets for these services. Therefore, high prices of ICU beds are challenging the growth of this market.

The frequent outbreaks of pandemic diseases such as Influenza, Ebola, and the recent Covid-19, has put enormous pressure on healthcare authorities and health services to draft and discuss preparedness plans that includes the increase in number of ICU beds, to accommodate critically ill patients. During pandemics, most patients require ICU admission and this drives the market for ICU beds. Even in most well-developed countries, ICU beds are often close to capacity during such out-breaks. In United States, there are an estimated 34.2 ICU beds per 10,000 people, yet there is a surge in demand during recent COVID-19 pandemic. In Italy, there are about 12.5 ICU beds per 10,000) of intensive care beds. Due to the recent outbreak, with the rate of increase in the number of patients in intensive care with COVID-19, the number of ICU beds continue to change. In China and India, it is only 3.6 and 2.3 per 10,000 respectively, and the demand in such developing countries is huge. Patients with severe COVID-19 disease require approximately 14 days of respiratory support in ICU. Such lengthy treatment time will further stress resources. Therefore, the frequent outbreaks of pandemics are expected to drive the market for ICU beds.

Scope of the Report

Products

1) By Type: Electric Beds; Semi-Electric Beds; Manual Beds; 2) By Application: Pediatric Intensive Care Unit; Neonatal Intensive Care Unit; Psychiatric Intensive Care Unit; Cardiac Intensive Care Unit; Neurological Intensive Care Unit; Trauma Intensive Care Unit; Post-Operative Recovery Unit; Surgical Intensive Care Unit; Mobile Intensive Care Unit

Companies

Invacare Corporation; Paramount Bed Holdings Co., Ltd.; Medline Industries, Inc.; Stiegelmeyer GmBH & Co. KG; Gendron, Inc. ; LINET Group SE; Joerns Healthcare LLC.; Span-America Medical Systems, Inc.; Malvestio S.P.A.; Merivaara Corp.

1. Executive Summary

2. ICU Beds Market Characteristics

3. ICU Beds Market Size And Growth

3.1. Global ICU Beds Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global ICU Beds Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. ICU Beds Market Segmentation

4.1. Global ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Electric Beds

Semi-Electric Beds

Manual Beds

4.2. Global ICU Beds Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Pediatric Intensive Care Unit

Neonatal Intensive Care Unit

Psychiatric Intensive Care Unit

Cardiac Intensive Care Unit

Neurological Intensive Care Unit

Trauma Intensive Care Unit

Post-Operative Recovery Unit

Surgical Intensive Care Unit

Mobile Intensive Care Unit

5. ICU Beds Market Regional And Country Analysis

5.1. Global ICU Beds Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global ICU Beds Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific ICU Beds Market

6.1. Asia-Pacific ICU Beds Market Overview

6.2. Asia-Pacific ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China ICU Beds Market

7.1. China ICU Beds Market Overview

7.2. China ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India ICU Beds Market

8.1. India ICU Beds Market Overview

8.2. India ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan ICU Beds Market

9.1. Japan ICU Beds Market Overview

9.2. Japan ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia ICU Beds Market

10.1. Australia ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia ICU Beds Market

11.1. Indonesia ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea ICU Beds Market

12.1. South Korea ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe ICU Beds Market

13.1. Western Europe ICU Beds Market Overview

13.2. Western Europe ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK ICU Beds Market

14.1. UK ICU Beds Market Overview

14.2. UK ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany ICU Beds Market

15.1. Germany ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France ICU Beds Market

16.3. France ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe ICU Beds Market

17.1. Eastern Europe ICU Beds Market Overview

17.2. Eastern Europe ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia ICU Beds Market

18.1. Russia ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America ICU Beds Market

19.1. North America ICU Beds Market Overview

19.2. North America ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA ICU Beds Market

20.1. USA ICU Beds Market Overview

20.2. USA ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America ICU Beds Market

21.1. South America ICU Beds Market Overview

21.2. South America ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil ICU Beds Market

22.1. Brazil ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East ICU Beds Market

23.1. Middle East ICU Beds Market Overview

23.2. Middle East ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa ICU Beds Market

24.1. Africa ICU Beds Market Overview

24.2. Africa ICU Beds Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. ICU Beds Market Competitive Landscape And Company Profiles

25.1. ICU Beds Market Competitive Landscape

25.2. ICU Beds Market Company Profiles

25.2.1. Stryker Corporation

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Hill-Rom Holdings, Inc.

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Getinge AB

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Invacare Corporation

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Paramount Bed Holdings Co., Ltd.

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The ICU Beds Market

27. ICU Beds Market Trends And Strategies

28. ICU Beds Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

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